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2007 Dodge Charger SRT8 Long-Term Road Test
Edmunds.com
Member, Administrator, Moderator Posts: 10,315
You might think you know the story of what we bought and why we bought it. But for transparency's sake (and to ward off any future WikiLeaks scandals of lost/stolen/released Edmunds emails), we're going to share with you the previously untold backstory of buying our used 2007 Dodge Charger SRT8.
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https://www.youtube.com/watch?v=avtK9Bz0sPg
WTF? Do you know how insane that is? You bought an older car (8 years old) for $23k, put on 14,000 miles and sold it for $12,000 LESS? An 8 year old car shouldn't lose HALF of it's value in a year. This was pretty much the definition of how NOT to Buy and Sell a car. You just paid $1,000 per month for the right to drive (and upgrade and fix) an older, out of warranty car.
I haven't researched it, but my guess is that you could've looked and bought the car for well under $20,000 (meaning you gave the dealer a HUGE profit) and sold it for probably $17,000. I mean, that AA/Carplay stereo alone was a $1k upgrade.
Your costs are defined when you buy and sell. If you can't find or negotiate a great deal, maybe you should rethink your plan. I'm sure you could've leased a new Charger for less than half that monthly (maybe 1/3rd depending on model).
Reading the review I was constantly thinking the same thing you put in the Bottom Line: A Charger R/T would have delivered some of the same experience at lower cost while using much less gas. You would have gotten fewer reactions out on the street and missed out on a couple burnout opportunities but you still would have had a pretty fast car.
Just for fun, here is a 2012 with 98k on the clock for $22,100 --> http://tinyurl.com/gl46v85